Using the high-low method to split mixed costs, the variable rate is found to be $3 per
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Question:
Using the high-low method to split mixed costs, the variable rate is found to be $3 per hour and the high point is 200 hours at a total cost of $1,800. What is the fixed cost at 350 hours?
a) $600
b) $750
c) $1,050
d) $1,200
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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